Draft Format Of Resolution To Be Passed By The Board Of The Borrowing Scheduled Bank Legal Draft Template
| Category | Agreements Company Law |
| Format | |
| File name | DRAFT FORMAT OF RESOLUTION TO BE PASSED BY THE BOARD OF THE BORROWING SCHEDULED BANK |
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(which
has taken refinance earlier)1. Resolved that the
_______________________________________________________*do borrow from the
National Housing Bank (hereinafter referred to as "the Housing Bank")
by way of refinance or otherwise for the purpose of housing loans extended / to
be extended by it, from time to time, a sum of Rs.....................2. RESOLVED FURTHER THAT
the power to borrow from the Housing Bank for the aforesaid purpose be and is
hereby delegated to the following officers severally, namely:I.
.___________________________________[Name
& Designation]II.
.___________________________________[Name
& Designation]III.
.___________________________________[Name
& Designation]3. RESOLVED FURTHER THAT
the aforesaid Officers be and are hereby authorised severally to convey
acceptance of the terms and conditions of the said borrowings from NHB on
behalf of the Bank and to execute in favour of the Housing Bank, promissory
notes, agreements, declarations and such other documents including statements
and returns as may be required by the Housing Bank in connection with the said
borrowings and generally to do or cause to be done such other acts, deeds and
things as may be required by the Housing Bank in connection with the said
borrowings.*
Name of the bank